Stock calls for 29 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/29/19	CIMB	DBS	24.22	29	Add	GGM, PB1.4x CY19
01/29/19	DBS Vickers	Fortune Reit	9.7	10.68	Buy
01/29/19	CIMB	Japfa	0.82	0.9	Add	Sum of parts
01/29/19	Amfrasers	Keppel Corp	6.14	7.5	Hold
01/29/19	Macquarie	Keppel Corp	6.14	8.2	Outperform	Sum of parts
01/29/19	CIMB	M1	2.06	2.06	Hold	Offer $2.06
01/29/19	OCBC	Mapletree North Asia	1.25	1.35	Buy
01/29/19	DBS Vickers	Mapletree North Asia	1.25	1.45	Buy
01/29/19	phillip	SHS	0.197	0.24	Accumulate	PER10x FY19
01/29/19	Amfrasers	Tuan Sing	0.395	0.46	Not Rated	RNAV (50% discount)
01/29/19	DMG & Partners	UOB	25.83	29.8	Buy
01/29/19	CIMB	UOB	25.83	32	Add	GGM, PB1.4x CY19

The US earnings season has started but it will be bleak.

https://finance.yahoo.com/news/us-stocks-caterpillar-nvidia-warnings-194256045.html

The US chips sector is not doing well because of the chips slowdown.  We warned about the western chips slowdown in October 2018. 

http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html

The US stock markets were at lofty valuations in 2018 because of their burgeoning China exposures.  However, the recent US's assaults against China brought these companies' stock prices down.  Without China's sales, these companies stock prices will crash fast and furious.

Micron, Qualcomm, Intel, Apple, Nvidia, Caterpillar, etc are all blaming the China slowdown for their poor business performances. 

http://sg-stock.blogspot.com/2018/11/the-more-us-tries-to-hurt-china-more-it.html

China's economic growth is important to the world GDP because it constitutes 39% and any China slowdown will impact many companies.

http://sg-stock.blogspot.com/2018/10/china-gdp-was-growing-at-65-in-q3-2018.html

US charges Huawei formally!

https://finance.yahoo.com/news/u-charges-chinas-huawei-bank-010518918.html

This is not surprising and unexpected because the US cannot compete with Huawei without transgressing on Huawei's patents.  Therefore, it can only continue on its assault against Huawei by banning it.

http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html

Furthermore, the US commerce secretary had indicated that there would not be any US-China trade deal as the 2 countries were miles apart.

http://sg-stock.blogspot.com/2019/01/us-commerce-secretary-no-us-china-trade.html

Therefore, the US justice department went ahead to charge Huawei by imposing its own US laws internationally.  The charge is a violation of US sanction, not a UN sanction.

First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	CIMB	First Resources	1.88	2.13	Add
01/15/18	DBS Vickers	First Resources	1.87	2.18	Buy
02/08/18	UOB Kay Hian	First Resources	1.84	1.95	Hold	PER16x FY18x, Buy @ $1.75
02/13/18	Kim Eng	First Resources	1.75	2.04	Hold
02/27/18	Kim Eng	First Resources	1.76	2.2	Buy	PER17x FY18
02/27/18	DMG & Partners	First Resources	1.76	1.75	Neutral	PER12x FY18
02/28/18	DBS Vickers	First Resources	1.79	2.18	Buy	DCF, PER15.8x FY18
02/28/18	CIMB	First Resources	1.79	2.03	Add	PER15x CY19
02/28/18	Credit Suisse	First Resources	1.79	2.3	Neutral
03/05/18	Kim Eng	First Resources	1.76	2.2	Buy
03/07/18	UOB Kay Hian	First Resources	1.76	1.95	Hold	PER16x FY18
03/14/18	DBS Vickers	First Resources	1.75	2.18	Buy
04/03/18	DBS Vickers	First Resources	1.68	2.18	Buy
05/07/18	UOB Kay Hian	First Resources	1.69	1.6	Hold	PER13x FY18, Buy @ $1.40
05/15/18	CIMB	First Resources	1.61	2.03	Add	PER15x CY19
05/15/18	DMG & Partners	First Resources	1.61	1.75	Neutral	PER12x FY18
05/16/18	DMG & Partners	First Resources	1.56	1.6	Neutral	PER12x FY18
05/16/18	DBS Vickers	First Resources	1.56	2.18	Buy
06/21/18	UOB Kay Hian	First Resources	1.55	1.6	Hold
07/03/18	DBS Vickers	First Resources	1.55	2	Buy	DCF
07/11/18	Kim Eng	First Resources	1.55	2	Buy
08/02/18	UOB Kay Hian	First Resources	1.62	1.6	Hold	PER13x FY18, Buy @ $1.40
08/14/18	Kim Eng	First Resources	1.56	2	Buy
08/14/18	DMG & Partners	First Resources	1.56	1.6	Neutral	PER11x FY19
08/14/18	CIMB	First Resources	1.56	2.03	Add	PER15x CY19
08/16/18	DBS Vickers	First Resources	1.59	2	Buy	DCF
09/13/18	Kim Eng	First Resources	1.67	2	Buy
09/13/18	DBS Vickers	First Resources	1.67	2	Buy
10/08/18	UOB Kay Hian	First Resources	1.67	1.6	Hold
10/11/18	DBS Vickers	First Resources	1.68	1.97	Buy	DCF
10/11/18	Kim Eng	First Resources	1.68	2	Buy
11/12/18	UOB Kay Hian	First Resources	1.6	1.6	Hold	PER13x FY18, Buy @ $1.40
11/12/18	DMG & Partners	First Resources	1.6	1.6	Neutral	PER11x FY19
11/12/18	Kim Eng	First Resources	1.6	2	Buy	PER17x FY18
11/13/18	DBS Vickers	First Resources	1.56	1.97	Buy	DCF
11/13/18	CIMB	First Resources	1.56	2.08	Add	PER15x FY19
01/03/19	UOB Kay Hian	First Resources	1.56	1.6	Hold

First Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/18	Lim & Tan	First Reit	1.4	0	Hold
01/19/18	CIMB	First Reit	1.41	1.44	Hold	DDM
01/19/18	OCBC	First Reit	1.41	1.48	Buy
01/23/18	phillip	First Reit	1.42	1.32	Neutral	DDM
04/18/18	CIMB	First Reit	1.37	1.44	Hold	DDM
04/19/18	phillip	First Reit	1.37	1.31	Neutral	PB1.19x FY18
04/19/18	OCBC	First Reit	1.37	1.48	Buy
05/25/18	OCBC	First Reit	1.35	1.48	Buy
07/19/18	phillip	First Reit	1.32	1.31	Neutral	DDM, PB1.21x
07/19/18	OCBC	First Reit	1.32	1.34	Hold
07/19/18	CIMB	First Reit	1.32	1.41	Hold	DDM
09/19/18	phillip	First Reit	1.24	1.31	Neutral	DDM, PB1.2x FY18
10/17/18	phillip	First Reit	1.18	1.3	Neutral	DDM, PB1.2x FY18
10/17/18	CIMB	First Reit	1.18	1.36	Add	DDM
11/21/18	phillip	First Reit	0.975	1.3	Neutral
12/13/18	OCBC	First Reit	1.04	1.05	Buy
01/16/19	phillip	First Reit	1.04	0.88	Neutral	DDM
01/17/19	Lim & Tan	First Reit	1.03	0	Neutral
01/18/19	OCBC	First Reit	1.01	0.97	Hold
01/18/19	CIMB	First Reit	1.01	1.2	Add	DDM

Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	CIMB	Far East Hospitality	0.725	0.84	Add
01/15/18	CIMB	Far East Hospitality	0.72	0.82	Add	DDM
02/19/18	OCBC	Far East Hospitality	0.715	0.75	Buy
03/09/18	OCBC	Far East Hospitality	0.72	0.75	Buy
04/10/18	CIMB	Far East Hospitality	0.68	0.79	Add	DDM
04/17/18	DBS Vickers	Far East Hospitality	0.68	0.76	Buy	DCF
04/27/18	OCBC	Far East Hospitality	0.675	0.735	Buy
06/08/18	CIMB	Far East Hospitality	0.66	0.79	Add
06/18/18	OCBC	Far East Hospitality	0.67	0.735	Buy
07/06/18	DBS Vickers	Far East Hospitality	0.625	0.76	Buy
07/10/18	OCBC	Far East Hospitality	0.62	0.735	Buy
07/30/18	OCBC	Far East Hospitality	0.68	0.675	Hold
08/01/18	CIMB	Far East Hospitality	0.69	0.79	Add	DDM
08/01/18	OCBC	Far East Hospitality	0.69	0.69	Hold
08/01/18	Lim & Tan	Far East Hospitality	0.69	0	Hold
08/01/18	DBS Vickers	Far East Hospitality	0.69	0.74	Buy	DCF
08/13/18	OCBC	Far East Hospitality	0.62	0.69	Buy
09/17/18	Kim Eng	Far East Hospitality	0.635	0.75	Buy	DDM
10/04/18	CIMB	Far East Hospitality	0.635	0.69	Add	DDM
10/31/18	Kim Eng	Far East Hospitality	0.59	0.75	Buy	DDM
10/31/18	OCBC	Far East Hospitality	0.59	0.675	Buy
10/31/18	Lim & Tan	Far East Hospitality	0.59	0	Buy
10/31/18	DBS Vickers	Far East Hospitality	0.59	0.7	Buy	DCF
11/30/18	OCBC	Far East Hospitality	0.61	0.675	Buy
01/02/18	CIMB	Far East Hospitality	0.605	0.68	Add
01/16/19	OCBC	Far East Hospitality	0.625	0.675	Buy

Stock calls for 28 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/28/19	OCBC	CapitaCommercial	1.9	1.83	Hold
01/28/19	CIMB	CapitaCommercial	1.9	1.94	Add
01/28/19	DBS Vickers	Ascendas India Trust	1.08	1.25	Buy	DDM
01/28/19	phillip	Cache Logistics	0.75	0.75	Neutral	DDM, PB1.14x FY19
01/28/19	DBS Vickers	Cache Logistics	0.75	0.75	Hold	DCF
01/28/19	OCBC	Cache Logistics	0.75	0.76	Hold
01/28/19	DMG & Partners	Cache Logistics	0.75	0.81	Buy	DDM
01/28/19	CIMB	Cache Logistics	0.75	0.74	Hold
01/28/19	Kim Eng	Cache Logistics	0.75	0.85	Buy
01/28/19	UOB Kay Hian	Capitamall Trust	2.36	2.02	Hold	Buy @ $1.84
01/28/19	UOB Kay Hian	Frasers Centrepoint Trust	2.29	2.32	Buy
01/28/19	CIMB	Frasers Centrepoint Trust	2.29	2.35	Add	DDM
01/28/19	DBS Vickers	Frasers Logistics	1.06	1.2	Buy	DCF
01/28/19	OCBC	Frasers Logistics	1.06	1.19	Buy
01/28/19	CIMB	Frasers Logistics	1.06	1.19	Add
01/28/19	UOB Kay Hian	Genting	1.06	1.38	Buy	EV/Ebitda10x FY19
01/28/19	DMG & Partners	Golden Agri	0.27	0.23	Sell	Sum of parts, cut from $0.39
01/28/19	Lim & Tan	Keppel Corp	6.2	0	Hold
01/28/19	DBS Vickers	Keppel KBS	0.68	0.8	Buy	DCF
01/28/19	UOB Kay Hian	Keppel Reit	1.18	1.35	Buy
01/28/19	UOB Kay Hian	Mapletree Industrial	2.03	1.94	Hold	Buy @ $1.78
01/28/19	phillip	SGX	7.57	8.36	Buy	PER23.2x FY19
01/28/19	OCBC	SGX	7.57	7.98	Buy	PER22x F19/20
01/28/19	UOB Kay Hian	Suntec Reit	1.93	2.01	Hold	Buy @ $1.83
01/28/19	CIMB	Suntec Reit	1.93	2.06	Add
01/28/19	DBS Vickers	Y Venture	0.13	0.11	Cease Coverage	EV/Ebitda14x FY19
01/28/19	CIMB	Y Venture	0.13	0.1	Reduce	PB1.7x FY20

JP Morgan: Bitcoin could fall by 50% to $1260!

https://www.newsbtc.com/2019/01/26/jp-morgan-crypto-value-unproven-bitcoin-btc-could-fall-as-low-as-1260-in-near-future/

This is not a surprising prediction as bitcoin had fallen by 50% a few times.  Please read our post for more details.

http://sg-stock.blogspot.com/2019/01/the-charades-of-cryptocurrency.html

When a product is built with a flawed structural design and also with bad economics, it is expected to be worthless as more people get educated about it.

Please read our post below for your own understanding.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

Baltic dry index - 905

Today, Friday, January 25 2019, the Baltic Dry Index decreased by 34 points, reaching 905 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

=====================

Related stocks; Sembcorp Marine, Cosco & Pan Ocean

US rig count - 1059

The US drilling rig count is up 9 units to 1,059 rigs working for the week ended Jan. 25, according to Baker Hughes data. The count is up 112 units from the 947 rigs working this time a year ago.

With a 9-rig gain, a total of 1,038 units were drilling on land for the week. Twenty rigs were drilling offshore as the segment gained a single unit. With one fewer rig working, a single unit remained drilling in inland waters.

US oil-directed rigs gained 10 units unit from last week to 862 units working, and up from the 759 rigs drilling for oil this week a year ago. With 197 units, one fewer unit was drilling for gas for the week. The count is up from the 188 units drilling for gas this time a year ago.

New Mexico saw the largest increase in units among the major oil and gas-producing states. With a 4-unit gain, the state’s rig count stood at 112 for the week. Three additional rigs were drilling in North Dakota to reach 57 units. Three states increased rig counts by 2 units: Louisiana, 63; West Virginia, 17; and Utah, 8. Increasing rig counts by a single unit each were Colorado, 35; Ohio, 18; and Alaska, 11.

Oklahoma, 126, and Kansas, 1, were unchanged this week.

Texas saw the largest drop, cutting 4 rigs to reach 517. Three states dropped a single unit each: Pennsylvania, 47; Wyoming, 33; and California, 6.

Canada continued to increase its rig count with a 23-unit gain over last week. With 232 rigs running, the count is still short of the 338 units drilling this week a year ago. Canada increased its oil-directed rigs by 18 to reach 146 units for the week and gained 5 gas-directed rigs to reach 86.

==================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Singapore Ah Beng's ranting about Mahathir. (Funny video)

This is indeed funny but all very factual.

US Commerce Secretary: No US-China trade deal.

https://www.channelnewsasia.com/news/business/us-china-miles-and-miles-from-resolving-trade-conflict-ross-11163084

The US Commerce Secretary has stated it very subtly but clearly that there won't be any US-China trade deal by March 2019 since the differences are miles apart.

Therefore, the stock markets must not get too optimistic and get ahead of this tamed expectation.

F&N - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/18	phillip	F & N	2.39	2.83	Accumulate	Sum of parts, PER27.1x FY18
03/19/18	phillip	F & N	2.25	2.83	Buy
04/16/18	phillip	F & N	2.12	2.83	Buy
05/10/18	phillip	F & N	2.08	2.75	Buy	Sum of parts

Ezion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/18	CIMB	Ezion	0.197	0.13	Reduce	PB0.15x CY17
04/04/18	DBS Vickers	Ezion	0.197	0.13	Fully Valued
04/10/18	DBS Vickers	Ezion	0.197	0.29	Buy	PB1.4x FY18
04/17/18	UOB Kay Hian	Ezion	0.197	0.18	Hold	PB1x FY19, Buy @ $0.151
04/25/18	Amfrasers	Ezion	0.158	0.1	Sell	RNAV
05/15/18	DBS Vickers	Ezion	0.115	0.29	Buy	PB1.4x FY18
06/07/18	DBS Vickers	Ezion	0.105	0.29	Buy
06/25/18	UOB Kay Hian	Ezion	0.09	0.12	Hold
08/10/18	DBS Vickers	Ezion	0.08	0.21	Buy
11/13/18	DBS Vickers	Ezion	0.047	0.14	Buy	PB0.8x FY18

ESR-Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/18	Lim & Tan	ESR-Reit	0.575	0	Hold
01/18/18	CIMB	ESR-Reit	0.575	0.64	Add	DDM
01/18/18	DBS Vickers	ESR-Reit	0.575	0.63	Buy
04/23/18	DBS Vickers	ESR-Reit	0.54	0.63	Buy
04/23/18	CIMB	ESR-Reit	0.54	0.6	Add	DDM
05/21/18	CIMB	ESR-Reit	0.525	0.6	Add	DDM
05/21/18	DBS Vickers	ESR-Reit	0.525	0.63	Buy
06/04/18	CIMB	ESR-Reit	0.505	0.62	Add
08/14/18	DBS Vickers	ESR-Reit	0.51	0.63	Buy
09/17/18	DBS Vickers	ESR-Reit	0.5	0.59	Buy	DCF
12/14/18	OCBC	ESR-Reit	0.5	0.59	Buy	DDM
01/18/19	Lim & Tan	ESR-Reit	0.53	0	Hold
01/21/19	CIMB	ESR-Reit	0.53	0.62	Add	DDM
01/21/19	OCBC	ESR-Reit	0.53	0.575	Buy
01/22/19	DBS Vickers	ESR-Reit	0.53	0.59	Buy

Stock calls for 25 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/25/19	Jefferies	Ascendas India Trust	1.08	1.2	Buy
01/25/19	UOB Kay Hian	CapitaCommercial	1.85	2.16	Buy	DDM
01/25/19	DMG & Partners	CapitaCommercial	1.85	1.86	Neutral	DDM
01/25/19	DBS Vickers	CapitaCommercial	1.85	2	Buy	DCF
01/25/19	Lim & Tan	CapitaCommercial	1.85	0	Hold
01/25/19	DBS Vickers	Comfortdelgro	2.24	2.56	Buy
01/25/19	OCBC	Keppel Corp	6.13	7.55	Buy
01/25/19	CIMB	Keppel Corp	6.13	8.41	Add	Sum of parts
01/25/19	CIMB	SGX	7.5	7.9	Add	PER22.1x FY20
01/25/19	DMG & Partners	SGX	7.5	8.2	Buy	PER22x FY20

ICO downfall - Part 2

https://bitcoinexchangeguide.com/decentralized-home-sharing-platform-bee-token-to-charge-fees-to-customers-to-boost-revenue/

Bee token has crashed from a value of $11m to less than $500k now.  This means that the ICO investors have suffered massive losses for this ICO.

This company is faltering and will likely fail as it will encounter cash flow problems due to insufficient revenues to cover its operational and marketing expenses.

Bee token is just one of the ICOs that will falter and/or fail in 2019-2020 and this is just the tip of the iceberg.  Many ICO companies will follow suit and such news announcements will become a common theme in these 2 years.

https://sg-stock.blogspot.com/2019/01/the-ico-downfall.html

Qualcomm has lost Huawei as a customer.

https://sg.finance.yahoo.com/news/huawei-announces-5g-smartphone-based-062312583.html

Huawei will be using its self-developed chips instead of using Qualcomm's.  Huawei is also slowly replacing Intel chips with its own.

The slowdown in the western semiconductor industry will be real and permanent.

Singapore is facing a political upheaval now!

https://sg.news.yahoo.com/singapore-pms-brother-backs-rival-polls-loom-025338346.html

Lee Hsien Yang, son of LKY, has come out to support TCB openly to be the future leader of Singapore. In other words, LHY wants TCB to be the next PM of Singapore.

The acrimonious relationship in the Lee family, whereby the 2 siblings are against the current PM Lee Hsien Loong, will cause political upheaval in Singapore.

LHL will definitely become more offensive against LHY and his immediate family.  Presently, AGC is going after LHY's wife and son under the blessing of LHL.

The next election will be a vote for change for Singapore.  This is the only chance for true Singaporeans to change Singapore.

EC World Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/16/18	Soochow	EC World Reit	0.735	0.88	Buy
08/08/18	Soochow	EC World Reit	0.71	0.88	Buy
11/07/18	phillip	EC World Reit	0.685	0.82	Buy	DDM
12/04/18	CIMB	EC World Reit	0.69	0.85	Not Rated	Consensus target price
01/09/19	DMG & Partners	EC World Reit	0.7	0.81	Buy

Dyna-Mac - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/22/18	CIMB	Dyna-Mac	0.13	0.18	Add	PB1.8x CY18
09/03/18	CIMB	Dyna-Mac	0.107	0.13	Add	PB1.3x CY18

Duty-Free - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/19	Lim & Tan	Duty Free	0.192	0	Accumulate

Stock calls for 24 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/19	OCBC	CapitaCommercial	1.83	1.68	Hold
01/24/19	Phillip	Capitamall Trust	2.31	2.09	Neutral	DDM, PB1.06x FY19
01/24/19	Kim Eng	Capitamall Trust	2.31	2.25	Hold	DDM
01/24/19	OCBC	Capitamall Trust	2.31	2.25	Hold
01/24/19	DBS Vickers	Capitamall Trust	2.31	2.44	Buy
01/24/19	OCBC	Mapletree Commercial	1.72	1.79	Hold
01/24/19	CIMB	Mapletree Commercial	1.72	1.79	Add	DDM
01/24/19	DBS Vickers	Mapletree Commercial	1.72	2	Buy	DCF
01/24/19	Kim Eng	Mapletree Commercial	1.72	1.6	Hold
01/24/19	Phillip	Mapletree Industrial	1.96	2.03	Neutral	DDM, PB1.36x FY19
01/24/19	Kim Eng	Mapletree Industrial	1.96	2.2	Buy	DDM
01/24/19	Kim Eng	SIA	9.5	11.2	Buy
01/24/19	CIMB	SIA	9.5	10.25	Hold	PB0.9x CY19
01/24/19	DBS Vickers	Suntec Reit	1.87	2.12	Buy	DCF
01/24/19	OCBC	Suntec Reit	1.87	1.86	Hold
01/24/19	DMG & Partners	Suntec Reit	1.87	1.9	Neutral	DDM
01/24/19	Jefferies	Suntec Reit	1.87	1.85	Hold	Up from $1.80

Fake news created by crypto proponents to promote bitcoin investment.

These crypto proponents are implementing a desperate marketing campaign to promote bitcoin investments because they have suffered heavy losses.

https://inspirednew.com/crypto/

The news article states that creative technology founder, Sim Wong Hoo, has divested his shareholdings and invested in bitcoins.  This fake news is just a marketing campaign to promote bitcoin investments and lure ignorant investors into bitcoin.

The truth:

As creative technology is a public listed company, the company must report to SGX and make a public announcement about the departure of its key management personnel and also major changes in its key shareholding structure.  No such announcement is being made on SGX company announcement web page.

Furthermore, there is no mention of Sim leaving creative technology in his latest interview.

https://www.sgsme.sg/news/lunch-sumiko-creative-technologys-sim-wong-hoo-back

When those crypto proponents are using such underhand method to promote bitcoin, you know bitcoin is nothing but a scam.

BCG Digital Ventures: Bitcoin will go to zero.

https://www.cnbc.com/2019/01/23/bitcoin-price-going-to-zero-davos-future-of-blockchain-tech-.html

The educated investors are waking up to the reality that crypto is never going to work as a currency because it doesn't fulfill the 3 important criteria.

If you still don't understand what we're trying to put across, please read our postings below.

http://sg-stock.blogspot.com/2019/01/the-charades-of-cryptocurrency.html

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

As people get more educated about cryptos and ICOs, they will avoid them.

Is Japan food safe for consumption? - part 3

Since CNY is coming, let's stay healthy by not eating Japanese food.

US FDA is still imposing the detention of Japan food products without examination.

https://www.accessdata.fda.gov/cms_ia/importalert_621.html

Eat at your own risk and don't complain when you develop cancer.

http://sg-stock.blogspot.com/2017/11/is-japan-food-safe-for-consumption-part.html

DISA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/25/18	Amfrasers	DISA	0.008	0.02	Buy	DCF, PER23.9x FY21
07/03/18	UOB Kay Hian	DISA	0.009	0.013	Buy	DCF
08/30/18	Amfrasers	DISA	0.008	0.02	Buy	DCF
09/10/18	UOB Kay Hian	DISA	0.008	0.013	Buy	DCF

Delfi - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/18	DMG & Partners	Delfi	1.52	1.54	Neutral	DCF
05/09/18	DBS Vickers	Delfi	1.48	1.8	Buy	PER26x FY18/19
05/09/18	DMG & Partners	Delfi	1.48	1.54	Neutral
06/20/18	DMG & Partners	Delfi	1.32	1.47	Buy	DCF
08/06/18	DMG & Partners	Delfi	1.18	1.47	Buy	DCF
11/14/18	DMG & Partners	Delfi	1.19	1.59	Buy	DCF
12/14/18	DMG & Partners	Delfi	1.31	1.59	Buy
01/02/19	DMG & Partners	Delfi	1.32	1.59	Buy